To understand tuned circuits, we first have to understand the phenomenon of self-induction. And to understand this, we need to know about induction.The first discovery about the interaction between electric current and magnetism was the realization that an electric current created a magnetic field around the conductor. It was then discovered that this effect could be enhanced greatly by winding the conductor into a coil. The effect proved to be two-way: If a conductor, maybe in the form of a coil was placed in a changing magnetic field, a current could be made to flow in it; this is called induction.
So imagine a coil, and imagine that we apply a voltage to it. As current starts to flow, a magnetic field is created. But this means that our coil is in a changing magnetic field, and this induces a current in the coil. The induced current runs contrary to the applied current, effectively diminishing it. We have discovered self-induction. What happens is that the self-induction delays the build-up of current in the coil, but eventually the current will reach its maximum and stabilize at a value only determined by the ohmic resistance in the coil and the voltage applied. We now have a steady current and a steady magnetic field. During the buildup of the field, energy was supplied to the coil, where did that energy go? It went into the magnetic field, and as long as the magnetic field exists, it will be stored there.
Now imagine that we remove the current source. Without a steady current to uphold it, the magnetic field starts to disappear, but this means our coil is again in a variable field which induces a current into it. This time the current is in the direction of the applied current, delaying the decay of the current and the magnetic field till the stored energy is spent. This can give a funny effect: Since the coil must get rid of the stored energy, the voltage over it rises indefinitely until a current can run somewhere! This means you can get a